# Gold slides over 1% on bets hawkish Fed tilt may stem inflation | Financial Post

> Gold fell over 1% to a one-month low after investors priced in an earlier and more hawkish Fed path. Traders cited expectations of early rate hikes aimed at curbing inflation and a retreat in crude oil prices.

- Date: 2021-12-02 · published 2021-12-02T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/43493-gold-slides-over-1-on-bets-hawkish-fed-tilt-may-stem-inflation-financial-post
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of earlier rate hikes raise the dollar's appeal and reduce inflation-hedge demand, a backdrop that tends to weigh on commodity prices broadly.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-12-01 | [Indonesian rupiah soars as inflation print points to hawkish cenbank stance \| Financial Post](https://feedsoft.ai/events/38522-indonesian-rupiah-soars-as-inflation-print-points-to-hawkish-cenbank-stance.md) | -0.6% | -1.5% |
| DXY | 2020-09-23 | [Gold and Silver Hit by Hawkish Fed Boost to Dollar - Markets Insider](https://feedsoft.ai/events/51033-gold-and-silver-hit-by-hawkish-fed-boost-to-dollar-markets-insider.md) | +0.8% | -1.4% |
| DXY | 2022-01-27 | [Dollar rise drags copper lower on hawkish U.S. Fed comments \| Financial Post](https://feedsoft.ai/events/43047-dollar-rise-drags-copper-lower-on-hawkish-u-s-fed-comments-financial-post.md) | +0.1% | +0.7% |
| DXY | 2020-04-30 | [Gold rebounds on Fed's rate decision, ECB stimulus hopes \| Financial Post](https://feedsoft.ai/events/53567-gold-rebounds-on-fed-s-rate-decision-ecb-stimulus-hopes-financial-post.md) | +0.7% | -1.4% |
| DXY | 2021-06-16 | [Gold slides over 1% after Fed projects rate hikes into 2023](https://feedsoft.ai/events/46487-gold-slides-over-1-after-fed-projects-rate-hikes-into-2023.md) | +1.4% | +1.4% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/gold-slides-over-1-on-bets-hawkish-fed-tilt-may-stem-inflation-2

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.